Tag Archives: pae

BLA’s long-term outlook is bright as the firm is changing business strategy to sell more highvalue products like collectors’ insurance, which will boost gross profit in the future. Insurance premiums in the month of July also showed positive signs, up 173% from the previous month. (Than Hoon, 08/10/15)

DCC

DCC expects record profit in 2015 while 3Q15 earnings are expected to grow by 16% YoY due to selling more high-yield products as well as cost control. (Khao Hoon, 08/10/15)

Comment: That is impressive, a couple of reasons for it 1) lower costs 2) high GPM’s on products 3) Is upcountry really buying that much more?

Comment: It’s quite the interesting niche company with a massive global footprint.

FIRE

FIRE has decreased its target revenue growth in 2015 from 15% to 10%. It plans to expand abroad and expects to open an office in Cambodia next year. It expects revenue growth in 2016 at no less than 15%. (Kao Hoon, 08/10/15)

ACD
ACD targets 2015 revenue of Bt800mn with net profit backed by higher property transfers. It is talking to a prospective partner in China to invest in property development at tourist attractions in Thailand. (Khao Hoon, 23/07/15)

AOT
AOT expects bidding for Suvarnabhumi phase 2 be in February 2016. Total bids are valued at Bt43bn. Management is confident the plan will proceed as planned with operations starting in 2019. (Khao Hoon, 23/07/15)Comment: At least this expansion is going ahead.

ASIMAR
ASIMAR expects 2Q15 earnings to surge 2,700% on booking revenue from Port Authority of Sihanoukville and Tourism Thailand. 3Q15 profit is expected to rise backed by upcoming bids and increasing demand for ship maintenance service. It expects 2015 earnings to mark a record high. Investors are interested in a takeover at Bt4 per share. (Thun Hoon, 23/07/15)

BSBM
BSBM expects to show net profit in 2Q15 from 1Q15 losses of Bt43.07mn aided by implementing cost control. It expects 2015 sales of 100,000 tons backed by large orders and the sale of all high cost products. (Thun Hoon, 23/07/15)Comment: Never cared much for this company nor the industry that it operates, every steel co has suffered, is suffering and will continue to suffer.

CRANE
CRANE is confident 2015 revenue will achieve target 4% growth. It expects a Bt100mn acquisition to be concluded in 3Q15. It expects business to continue to trend up in the rest of the year aided by government projects investment. (Khao Hoon, 23/07/15)Comment: In theory they should benefit tremendously, demand for Cranes should sky rocket over the coming years.

BJCHI
BJCHI expects 2Q15 earnings to be better than 1Q15 benefitting from FX gain. It expects 2H15 earnings to increase aided by backlog from Petrobras, worth Bt1.3bn and new projects from TUPI BV, valued at Bt5.4bn. It expects 2H15 net profit of Bt800mn. (ASTV, 20/07/15)Comment: We do wonder aloud, weakening thb, which other export based or sectors/companies that rely upon Thailand being cheap for labour will benefit in the continued weakening of the THB? The same question of course goes for every other country in the region.

CENTEL
CENTEL expects to benefit from the baht depreciation as it will lead to an increase in tourists. Its average occupancy rate is 80% in 1H15 which is higher than 1H14. (Thun Hoon, 10/07/15)

CPALL
CPALL expects 2015 revenue to grow 11-12%. It expects water sales to grow 15% as people buy more water because of the drought. (Khao Hoon, 10/07/15)Comment: Who else could in benefit from this? CPALL I’m finding interesting now because it looks like they will sell off part of their makro stake, to pay down their debt

CWT
CWT plans to set a Bt250mn plant in Cambodia for exports, expects this to start up in mid-2016. It targets 1mn capacity in 2019. (Khao Hoon, 10/07/15)

CWT
CWT plans to invest in waste power plant, expects to sign PPA next month. It expects 2015 revenue of Bt1.2bn benefitting from cooperation with Japanese partner to expand abroad. (Thun Hoon, 14/07/15)Comment: CWT has been one of those companies that has at times looked quite cheap, but according to long term market investors, it’s a shareholder group one should stay away from

EA
EA expects to show a good performance in 2Q15 benefitting from seasonality. It is talking to a prospective partner to invest in a biomass power plant which is expected to be finalized soon. The plants in Phitsanulok and Nakhon Si Thammarat are expected to operate in 2016. (Thun Hoon,
14/07/15)Comment: The story hasn’t changed for EA, and they aren’t looking to expand into the VSPP (very small power producer)

EPCO
EPCO targets 500MW power capacity within 2-3 years, 100MW this year. Management says the deal with a Japanese and European company is expected to be finalized soon. It plans to invest in a biomass power plant in South with a partner, expected to conclude this week. (Khao Hoon, 14/07/15)

IFEC
IFEC has been selected to undertake a solar farm with Royal Thai Navy with a PPA for 60-100MW. It plans to take over other power plants in July. It plans to invest in a wind power plant in Korea. (Thun Hoon, 14/07/15)Comment: Never hurts to have military connections in the shareholders

ADVANC
ADVANC expects 2Q15 sales to drop more than 10-20% on the slow economy, though internet utilization will still grow. ADVANC says the company is not worried about sales as there are more than 10mn prepaid subscribers who do not register. (Khao Hoon, 07/07/15)Comment: That’s a huge drop for ADVANC.

CHO
CHO expects to sign a Bt4bn NGV contract this week. It is talking to KCM to build a DC and warehouse for rent in Khon Kaen which is expected to be finalized this year. (Khao Hoon, 07/07/15)Comment: Great news for CHO, doubt the long term sustainability of receiving constant projects from the government, but still great for the short term

CPF
CPF expects to pay a Bt0.3 per share interim dividend. 1H15 profit is expected to drop 76% to Bt959mn. It expects to show its best performance in 3Q15, benefitting from recovery of chicken and pork prices and export growth. (Khao Hoon, 07/07/15)

DNA
DNA has announced that subsidiary DNA Revolution will buy WSG shares. World Sport Group (WSG) is engaged in ad management business and has obtained the rights to broadcast sports competitions. (Khao Hoon, 07/07/15)

AJP
AJP plans to launch new TV program on free TV after getting a three-year license for an international sports program. It expects to complete the deal for a waste power plant project at the end of June. It believes it will show a net profit this year, backed by this project. (Thun Hoon, 26/06/15)Comment: AJP has a TV program channel + a waste power plant, again the synergies here are amazing, can you imaging the future potential of the shows, documentaries on waste power plants!!! You just have to believe. All kidding aside, while this doesn’t have any synergies at all, waste to power can be incredibly lucrative.

AAV
China gives 85% load factor in 1Q15 – AAV reports that higher traffic from China remained the key driver to bring load factor to 85% in 1Q15. Management expects tourist sentiment towards traveling to Thailand to continue to improve over the remainder of the year despite the ongoing martial law. The Tourism Authority of Thailand says hotel bookings in Chiang Mai during Songkran is at over 90% despite the continued air pollution. (Krungthep Turakij, 20/03/15)Comment: I’ve mentioned this enough times, AAV is the only airline you’d want to bother looking at on the Thai Equity market.

ASIMAR
ASIMAR expects 2015 performance to break the record with two projects on hand worth Bt1bn. The company will also benefit from more budget from the Port Authority of Thailand of Bt4.67bn. The company believes it will be awarded new projects from PAT amounting to Bt500mn plus Bt450mn from a private company. (Thun Hoon, 20/03/15)

CNT
CNT working to set up a new JV with foreign partner. The company aims to become one of the contractors selected for public sector investment projects. It expects to see greater opportunities in the AEC market which could be finalized soon. CNT also expects to be awarded more jobs from PTT group. (Thun Hoon, 20/03/15)Comment: A surprising loss last year from this construction co, I do expect for things to improve and am wondering why they can’t bid for the larger projects like UNIQ has.

AIE
AIE says it will conclude a business cooperation agreement with a new partner by 3Q15. (Khao Hoon, 12/2/15)

CSS
CSS talking with board to split par to Bt0.10. Its energy business is doing very well, thanks to a good partner, Prime, which holds a PPA for 200MW solar energy in Japan plus several projects in Thailand. All of these will be transferred to associate Prime Renewable Energy Co. Ltd, which is expected to be listed in the near future. In mid-Feb 2015, it will take over a wire producer, raising revenue by Bt400-500mn. (Thun Hoon 12/2/15)

DELTA
DELTA says 2015 will be a new high for the fourth year in a row. It targets 10% growth in revenue and earnings via expanding into new markets in ASEAN and India. It is also interested in the acquisition of the world’s second player in the power supply industry. (Khao Hoon, 12/2/15)Comment: How DELTA was able to perform this well over the past 4 years I still do not know/understand, so a slap on the face for missing this one.

AMATA
Amata to invest in Vietnam’s Dong Nai – Thai industrial-city developer Amata will invest in three high-tech industrial-park and urban-development projects in the southern Vietnamese province of Dong Nai, news website dddn.com.vn reported. Amata Vietnam will be the investor in a 753-hectare urban-development project in Tam An commune in Long Thanh district. (The Nation, 16/01/15)Comment: Amata still has the IPO for Amata VN in the pipeline for this year.

DTAC
DTAC opens its 4G service center in Phuket. The new service center is expected to help support tourists and business operators in the area. It also plans to open new service centers in Hatyai, Surat Thani and Koh Samui due to the high demand for interest usage in those areas. (Kao Hoon, 16/01/15)

FORTH
FORTH bidding for Bt8bn project to replace government light bulbs. Management expects to win at least 10% of all projects that it plans to bid for, which will add to its current backlog of Bt500-700mn. The company plans to invest Bt600mn to expand its line of business. Revenue for 2015 is expected to reach its target of Bt5bn. (Thun Hoon, 16/01/15)

CBG
CBG sets IPO price range of Bt26-28/share and subscription period during 12-14 November. The company will list on the SET on 21 November and expects to use the funds from the IPO to repay debt and expand, focusing on CLMV markets. (Kao Hoon, 10/11/14)

ESSO
ESSO plans to invest Bt2.2bn to increase refinery and petrol station efficiency. The company expects to take second place in terms of market share in the retail market. It confirms that it has no plan to divest its refinery. (Kao Hoon, 10/11/14)Comment: The sleepy ESSO has finally woken up!

GRAND
GRAND reported 3Q14 net profit of Bt45.4mn from net loss of Bt68.3mn in 3Q13 as it booked revenue from Hyde Sukhumvit. The company is studying to form a partnership with domestic and overseas hotels after board approval. (Thun Hoon, 10/11/14)Comment: The Hyde Sukhumvit is all that GRAND has going for it at the moment, most of their other major assets are leaseholds which only have a few years left.